TRON is one of the networks aiming to compete in real-world applications through distributed apps (dApps). Their volume has been constantly increasing. Up till now, TRON dApp usage closely followed that of Ethereum and EOS. However, new data shows that they seem to have surpassed their competitors.
Justin Sun, the company’s CEO tweeted:
“According to dapp.review, #Dapp trading volume 7 days,
This is the first time volume 7 days on #TRON exceeds that of #EOS.”
The usage of dApps has increased, especially with the appearance of better dApp-supporting wallets. Online gambling through tokens remains one of the key attraction points for coin adoption. An average active user spends around 102 US dollars on average on DApps every day. Besides the money spent on the Decentralized Applications, the market has been experiencing several DApps being built on the Tron platform.
According to one of the popular dapp analytics platforms, RatingDapp, that offers factual market analytics, dapp data, and user insights for over 1,500 dapps, Tron’s weekly transaction volume has witnessed a massive spike.
Everything is set for Tron to get that leading edge in the crypto space to provide scalable dApps as well as smart contract solutions. dAppChain is basically Tron’s dApp sidechain expansion project that is likely to increase its dApps immensely.
Tron is more and more dominant steadily in the dApp space. This dominance is helping Sun-led blockchain to consolidate its position in the market and even move further up the radar.
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[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.